Example ContractsClausestermination by the company for causeVariants
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Termination for Cause. If the Optionee has a Termination of Employment for Cause, all vested and unvested Options shall terminate immediately; provided, however, that if the Optionee has a Termination of Employment for Cause due solely to a Policy Violation (which means a termination resulting from the commission of any act or acts which violate the Standards of Business Conduct of the Company or a Subsidiary or any successor thereto (including underlying policies or policies specifically referenced therein), as the same is in effect and applicable to the Optionee at the time of the Optionee’s violation), the provisions of below shall apply.

Termination for Cause. If the Optionee has a Termination of Employment for Cause. Where termination of employment is involuntarily for Cause, rights under all vested and unvestedOptions, whether or not such Options are vested, shall terminate immediately; provided, however, that if the Optionee has a Termination of Employment for Cause due solely to a Policy Violation (which means a termination resulting from the commission of any act or acts which violate the Standards of Business Conduct of the Company or a Subsidiary or any successor thereto (including underlying policies or policies specifically referenced therein), as the same is in effect and applicable to the Optionee at the time of the Optionee’s violation), the provisions of [subsection 1(c)] below shall apply.immediately upon such termination.

Termination for Cause. If the Optionee has a Termination of EmploymentOptionee’s service relationship with the Company is terminated by the Company for Cause, allthe Option (whether vested or unvested) shall immediately terminate and unvested Options shall terminate immediately; provided, however, that if the Optionee has a Termination of Employment for Cause due solelycease to a Policy Violation (which means a termination resulting from the commission of any act or acts which violate the Standards of Business Conduct of the Company or a Subsidiary or any successor thereto (including underlying policies or policies specifically referenced therein), as the same is in effect and applicable to the Optionee at the time of the Optionee’s violation), the provisions of below shall apply.be exercisable.

Involuntary Termination for Cause. IfExcept as otherwise provided in the Optionee has a Terminationapplicable award agreement, if an Optionee’s employment or provision of Employmentservices terminates involuntarily for Cause, all Stock Options held by such Optionee, whether or not then vested and unvested Optionsexercisable, shall terminate immediately; provided, however, that if the Optionee has a Termination of Employment for Cause due solely to a Policy Violation (which means a termination resulting from the commission of any act or acts which violate the Standards of Business Conduct of the Company or a Subsidiary or any successor thereto (including underlying policies or policies specifically referenced therein), as the same is in effect and applicable to the Optionee at the time of the Optionee’s violation), the provisions of [subsection 1(c)] below shall apply.thereupon terminate.

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